New - 13 hours on Rocket
$3,052 Closing Credit¹
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Lexington-Fayette Northeast Housing Market Report December 2024•Fayette County, Kentucky
Housing Prices in Lexington-Fayette Northeast, KY
How much do homes in Lexington-Fayette Northeast, KY cost?
Housing Market Conditions
Is Lexington-Fayette Northeast, KY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lexington-Fayette Northeast is a Seller's Market
Difference Since December 2023
Since last year, Lexington-Fayette Northeast has remained a Seller's Market.
Insight
Lexington-Fayette Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$376,250$129/SqFt
+$26,250
+7.5%
Based on all homes sold in the last 12 months
Insight
Homes in Lexington-Fayette Northeast have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Lexington-Fayette Northeast was $376,250 in December 2024, up 7.5% from last year, and the median price per square foot was $129.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Lexington-Fayette Northeast | $350K | $376.2K | +7.5% |
| Lexington-Fayette | $310.7K | $325.5K | +4.8% |
| Lexington | $310.8K | $325.3K | +4.7% |
| Lexington-Fayette Central | $300.1K | $313.1K | +4.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $200K | $202.5K | +1.3% |
| 33 Bedrooms | $291K | $304.6K | +4.7% |
| 44 Bedrooms | $435K | $453K | +4.1% |
| 55+ Bedrooms | $609K | $595K | -2.3% |
Summary: Lexington-Fayette Northeast housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.3%. The home price for 3 bedroom homes increased by +4.7%. The home price for 4 bedroom homes increased by +4.1%. The home price for 5 bedroom homes decreased by -2.3%.
Housing supply in Lexington-Fayette Northeast, KY
How many homes are available in Lexington-Fayette Northeast, KY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 202Last MonthDec 2024 | ||
| 2332 months agoNov 2024 | -13.3 % Change MoMNov – Dec |
Summary: The Lexington-Fayette Northeast real estate market had 202 homes for sale in Dec 2024, a 13.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 52Last MonthDec 2024 | ||
| 522 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 13 | 16 | +23.1% |
| 33 Bedrooms | 105 | 90 | -14.3% |
| 44 Bedrooms | 83 | 68 | -18.1% |
| 55+ Bedrooms | 32 | 28 | -12.5% |
Summary: Lexington-Fayette Northeast housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +23.1%. The inventory for 3 bedroom homes decreased by -14.3%. The inventory for 4 bedroom homes decreased by -18.1%. The inventory for 5 bedroom homes decreased by -12.5%.
Asking Price vs. Sold Price
How much do homes in Lexington-Fayette Northeast, KY cost?
Over Asking Price6 Homes
At Asking Price10 Homes
Under Asking Price36 Homes
Insight
If you're buying a home in Lexington-Fayette Northeast, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Lexington-Fayette Northeast in December 2024, the same as the previous month. Of the 52 sold homes, 69% were sold under asking, 19% were sold at asking, and and 12% were sold over asking.
Days on Market for Lexington-Fayette Northeast, KY
How long does it take to sell a home in Lexington-Fayette Northeast, KY?
Breakdown of Home Sale Times
Under 30 Days30 Homes
30 – 90 Days16 Homes
Over 90 Days4 Homes
Insight
Many homes in Lexington-Fayette Northeast are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 52 homes were sold in Lexington-Fayette Northeast; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 32 DaysThis YearDec 2024 | ||
| 30 Days1 year agoDec 2023 | +4.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lexington-Fayette Northeast had an average listing age of 32 days in Dec 2024, up by 4.1% compared to the previous year.
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Newest Listings in Lexington-Fayette Northeast, KY
What homes are available in Lexington-Fayette Northeast, KY?
New - 1 day on Rocket
$3,919 Closing Credit¹
Listing Office: Emmerich Muzic Realty
New - 3 days on Rocket
$10,000 Closing Credit¹
Listing Office: Lifstyl Real Estate
New - 3 days on Rocket
$10,000 Closing Credit¹
Listing Office: Bluegrass Sotheby's International Realty
New - 3 days on Rocket
$10,000 Closing Credit¹
Listing Office: Bluegrass Sotheby's International Realty
New - 4 days on Rocket
$5,647 Closing Credit¹
Listing Office: Building The Bluegrass Realty
New - 4 days on Rocket
Listing Office: Bluegrass Sotheby's International Realty
New - 4 days on Rocket
$7,541 Closing Credit¹
Listing Office: EXP Realty, LLC
New - 4 days on Rocket
$3,088 Closing Credit¹
Listing Office: Lifstyl Real Estate
New - 4 days on Rocket
$7,719 Closing Credit¹
Listing Office: Weesner Properties, Inc.
New - 4 days on Rocket
$4,976 Closing Credit¹
Listing Office: Berkshire Hathaway de Movellan Properties
New - 6 days on Rocket
$3,324 Closing Credit¹
Listing Office: Smith Realty Group Georgetown
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MLS Disclaimers and Copyright
Based on information from Imagine MLS, for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.